Crude oil has been getting absolutely walloped for weeks now, having lost over a third of its value recently. Looking at the chart of USOIL I recently posted, it seems to me we are definitely primed for a bounce. The bounce will ultimately fail, but we’re really, really oversold at this point. One thing I noticed is that the commodity ETF, symbol DBC, has...
Based on my analysis I see commodities markets offering investors above average returns heading into the next decade. During the expansion of our economy from 2008, prices in the commodity market have been fairly low and producing dismal returns. This is ranging from several factors such as energy prices falling, subsidized farming, the price of precious metals...
Following a pretty clear trend down, I expect to find near term support, retrace and follow through
After the big buy volume in Feb, they try to shake the bulls off, then slowly creating uptrend. It started to break out this week on ascending triangle (blue lines), and previous price level from Jan. (orange line), and uptrend channel mid0line (green lines) and there’s also a weekly trend line from back in June 2017 (not shown). As of now, MACD is positive,...
After the big buy volume in Feb, they try to shake the bulls off, then slowly creating uptrend. It started to break out this week on ascending triangle (blue lines), and previous price level from Jan. (orange line), and uptrend channel mid0line (green lines) and there’s also a weekly trend line from back in June 2017 (not shown). As of now, MACD is positive,...
DBC based on technical analysis of stock selection, week macd Jincha, but also heavy volume, so to buy on the approach Exit mode: day ma20 below and bend down
This commodity basket ETF shows a grinding decline followed by a couple of years of basing. A triangle breakout has occurred with a backtest underway. Good reward:risk trade targeting $20 minimum. Interesting to see commodity prices picking up in this age of "no inflation" :)
The recent commodities price recovery have given these etfs a push, this etf has just broken a strong resistance level, so it could continue higher
Heikin-Ashi signals some pause. If it retraces to 14,90-15,05 zone, look for a buy signal in line with the bullish trend! DO NOT short it!
Break trend line, I believe will continue to trade higher to $17.
W: 2017 trend line broken w/ RSI over 50, MAs crossing for up, uptrend confirmed D: Head and Shoulders in progress
Heikin-Ashi buy signal from support. Initial stop at 14,50.
I will check this chart monthly in 2016, but it's possible we do see some sort of mean reversion towards $16-$18.
This is the PowerShares DB Commodity Index. With more than 40% of the index weighted in different forms of oil (Light, Brent, Heating, and RBOB), it resembles the charts of crude and Brent we follow but with a more bearish elliott wave count. Circle wave iv may be underway (crude is up 2.5% right now) and I have thrown up a cluster of Fibs in order to identify a...
It used to be that commodities were one of the preferred 'risk asset' plays - particularly when volatility was prized pre-Great Financial Crisis. Now, as the S&P 500 moves on record highs, commodity aggregate indexes are hitting multi-year lows. The Powershares/DB ETF here hit a series low (back to 2006).
A weaker dollar is leading to a breakout of the DBC.